Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Orion Group Holdings Inc shares valued at $24,741 were purchased by Boone Travis J on Sep 13 ’24. At $6.00 per share, Boone Travis J acquired 4,120 shares. The insider’s holdings grew to 437,299 shares worth approximately $2.67 million following the completion of this transaction.
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Also, Earle Edward Chipman purchased 15,633 shares, netting a total of over 94,580 in proceeds. Following the buying of shares at $6.05 each, the insider now holds 86,235 shares.
Before that, Boone Travis J had added 3,700 shares to its account. In a trade valued at $25,138, the PRESIDENT & CEO bought Orion Group Holdings Inc shares for $6.79 each. Upon closing the transaction, the insider’s holdings increased to 3,700 shares, worth approximately $2.99 million.
As published in their initiating research note from Craig Hallum on May 14, 2024, Orion Group Holdings Inc [ORN] has been a Buy and the price target has been revised to $14. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 30, 2021, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for ORN. Earlier on July 30, 2021, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for ORN stock which previously was a “a Buy”.
Analyzing ORN Stock Performance
During the last five days, there has been a surge of approximately 9.69%. Over the course of the year, Orion Group Holdings Inc shares have jumped approximately 23.68%. Shares of the company reached a 52-week high of $12.12 on 07/23/24 and a 52-week low of $4.41 on 01/08/24. A 50-day SMA is recorded $6.19, while a 200-day SMA reached $7.62. Nevertheless, trading volume fell to 1.41 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Orion Group Holdings Inc (ORN)
According to the 24-hour chart, there is a support level at 5.59, which, if violated, would cause prices to drop to 5.08. In the upper region, resistance lies at 7.04. The next price resistance is at 7.98. RSI (Relative Strength Index) is 55.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 61.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
